See ya suckers! Hedge Fund Manager Retires

[Clay Buster]

Very interesting read and I have no doubt this will be turned into a movie.

This guy was counting on the sub-prime mortgages to fail and made a fortune along the way because of it.

In his farewell letter he calls out several types of people who helped make him rich by their stupidity.

The boss of a successful US hedge fund has quit the industry with an extraordinary farewell letter dismissing his rivals as over-privileged "idiots" and thanking "stupid" traders for making him rich.

Andrew Lahde's $80m Los Angeles-based firm Lahde Capital Management in Los Angeles made a huge return last year by betting against subprime mortgages.

"The low-hanging fruit, i.e. idiots whose parents paid for prep school, Yale and then the Harvard MBA, was there for the taking," he wrote. "These people who were (often) truly not worthy of the education they received (or supposedly received) rose to the top of companies such as AIG, Bear Stearns and Lehman Brothers and all levels of our government," he said.

So long, suckers. Millionaire hedge fund boss thanks 'idiot' traders and retires at 37 | Business | The Guardian